Revenue: As of FY2025, the actual value is USD 0.

EPS: As of FY2025, the actual value is USD 0.22.

EBIT: As of FY2025, the actual value is USD -4.253 M.

Dune Acquisition Corporation II, a blank check company, currently has no operating revenues and does not anticipate generating any until after the completion of its Business Combination .

Operational Metrics

• Net Income (Loss):
  • For the year ended December 31, 2025, Dune Acquisition Corporation II reported a net income of $3,349,485 .
  • From September 13, 2024 (inception) through December 31, 2024, the company had a net loss of -$36,702 .
• Interest Earned on Marketable Securities Held in Trust Account:
  • This amounted to $3,801,400 for the year ended December 31, 2025 .
  • No interest was earned for the period from September 13, 2024 (inception) through December 31, 2024 .
• Formation and General and Administrative Costs:
  • These costs were $451,915 for the year ended December 31, 2025 .
  • These costs were $36,702 for the period from September 13, 2024 (inception) through December 31, 2024 .
• Loss from Operations:
  • The loss from operations was -$451,915 for the year ended December 31, 2025 .
  • The loss from operations was -$36,702 for the period from September 13, 2024 (inception) through December 31, 2024 .

Cash Flow

• Net Cash Used in Operating Activities:
  • Cash used in operating activities was -$429,113 for the year ended December 31, 2025 .
  • Cash used in operating activities was -$30,472 for the period from September 13, 2024 (inception) through December 31, 2024 .
• Net Cash Used in Investing Activities:
  • Cash used in investing activities was -$144,109,375 for the year ended December 31, 2025, primarily due to investment in the Trust Account .
  • No cash was used in investing activities for the period from September 13, 2024 (inception) through December 31, 2024 .
• Net Cash Provided by Financing Activities:
  • Cash provided by financing activities was $144,890,421 for the year ended December 31, 2025 .
  • Cash provided by financing activities was $44,290 for the period from September 13, 2024 (inception) through December 31, 2024 .
• Cash and Cash Equivalents:
  • As of December 31, 2025, cash was $365,751 .
  • As of December 31, 2024, cash was $13,818 .

Unique Metrics

• Marketable Securities Held in Trust Account:
  • As of December 31, 2025, marketable securities in the Trust Account totaled $147,910,775, including approximately $3,801,400 of interest income .
  • No marketable securities were held in the Trust Account as of December 31, 2024 .
• Working Capital Surplus:
  • As of December 31, 2025, Dune Acquisition Corporation II had a working capital surplus of $289,539 .
• Deferred Underwriting Fee Payable:
  • As of December 31, 2025, this fee was $5,750,000 .

Outlook / Guidance

Dune Acquisition Corporation II anticipates continuing to incur significant costs for its acquisition plans and will not generate operating revenues until its initial Business Combination is completed . The company’s liquidity condition raises substantial doubt about its ability to continue as a going concern, which management aims to resolve through a Business Combination . New SPAC rules and potential extensions of the Combination Period could impact the completion of a Business Combination and affect its Nasdaq listing .